April 19 (Bloomberg) -- Cia. de Saneamento de Minas Gerais, Brazil’s second-largest water utility by market value, expanded the scale of a 500.6 million-real ($249 million) water-supply project.
Copasa, as the company is known, is seeking a partner to help boost capacity of the Manso River water-supply system to produce 5,800 liters (1,530 gallons) of water a second, Claudio Dotti, head of the Belo Horizonte, Brazil-based utility’s department for new business, said yesterday in a telephone interview.
The public-private partnership was originally expected to increase production to 5,000 liters, up from 4,000 liters now, and would have cost 450 million reais. Copasa plans to issue details of the project next month and interested companies will have 45 days to submit proposals.
State-controlled Copasa expects to select a company in June and sign a contract in August, he said. The selected developer will have two years to expand the water-treatment plant, pipes and reservoirs that furnish water to 40 percent of Belo Horizonte’s metropolitan region. It will operate it for another 13 years.
Cia. de Saneamento Basico do Estado de Sao Paulo is Brazil’s biggest water utility.
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